Take-Two Buys Back 10% of Company in Wake of GTA 5 Sales

Take-Two Interactive, parent company of Grand Theft Auto V's Rockstar Games and Borderlands 2's 2K Games, has regained more than 10% of its shares from investor the Icahn Group.

This is part of an "ongoing strategy to buy back its shares." Take-Two declined to comment on what this meant for the future of the company, and whether or not it was in an effort to gain the majority of its publicly traded shares and become private.

"The total purchase price for the 12.02 million shares will be approximately $203.5 million and will be funded from Take-Two’s cash and cash equivalents on hand," Take-Two said in a press release. GTA 5 topped the sales charts last month, and shipped 29 million copies.